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BP 68 (The Corporation Code of the Philippines) Section 81

Instances of appraisal right.

Section 81

SEC. 81. Instances of appraisal right.—Any stockholder of a corporation shall have the right to dissent and demand payment of the fair value of his shares in the following instances: In case any amendment to the articles of incorporation has the effect of changing or restricting the rights of any stockholder or class of shares, or of authorizing preferences in any respect superior to those of outstanding shares of any class, or of extending or shortening the term of corporate existence; In case of sale, lease, exchange, transfer, mortgage, pledge or other disposition of all or substantially all of the corporate property and assets as provided in this Code; and In case of merger or consolidation. (n)

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Other provisions in Title X—APPRAISAL RIGHT

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationBP 68 (The Corporation Code of the Philippines) Section 81 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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